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this tax deal would also create a perm naanent fix for the alternative minimum tax and extend unemployment insurance for 2 million americans. the president made it clear what his top priority is in any deal. >> preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it. >> just an hour later, senate minority leader mitch mcconnell signalled his agreement with the president. >> so i agree, let's pass the tax relief portion now. let's take what's been agreed to and get moving. we all want to protect tax pairs and we can get it done now. >> however, despite what sounds like good news, there will be no vote in the house tonight even in the house reaches a deal. in fact, the senate has adjourned until tomorrow. >> joining me now when we talk a couple of hours ago, there wouldn't be a vote on either side. but maybe something from the senate tonight? quite possibly. aparentally, th
this tax deal would also create a perm naanent fix for the alternative minimum tax and extend unemployment insurance for 2 million americans. the president made it clear what his top priority is in any deal. >> preventing that tax hike has been my top priority. because the last thing folks like the folks up here on the stage can afford right now is to pay an extra $2,000 in taxes next year. middle class families can't afford it. businesses can't afford it. our economy can't afford it....
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Dec 30, 2012
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none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any difference of opinion? >> if it is such a trivial amount, the raising of taxes on the wealthy, then why the squealing, the yelling, the hurt feelings of all this plutocrats? my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is with the president, but if this thing comes to a complete halt and falls, then there would be political blame across the board, and it will undermine all public confidence in the public sector. >> all political advances with the president? what is he running for? he won. this is his time to actually take some political hits and tell the truth for the change instead of trying to get political advantage. >> all right, a look at war and foreign policy in 2012. >> this time of war began in afghanistan, and this is where it will end. >> afghanistan is now the nat
none of his proposals to raise taxes on the rich. he has never put any political capital in entitlement reform our tax reform. he'll talk about it here and there. never invested any capital in it. >> any difference of opinion? >> if it is such a trivial amount, the raising of taxes on the wealthy, then why the squealing, the yelling, the hurt feelings of all this plutocrats? my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is...
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also an estate tax. there was some back and forth late in the day whether there was going to change but the framework had the estate tax at $10 million exception per couple with additional inheritance at 40%. tax credits for stimulus. business tax credits and a doc fix stopping 27% reduction in payments to medicare providers using spending cuts as offsets. in addition to that, ed, you are saying the sequester which is the across-the-board cuts would be essentially put off for a couple of months. >> delayed. >> and that sets up the second fiscal cliff battle that washington will deal with and that is over the debt ceiling. explain that for folks who may not be following it. >> exactly. and you are right to point that out because these are two more battles really colliding with one another. kicking the can down the road, both parties on the sequester. two months from now we back here dealing with again whether or not they can come up with more spending cuts, more tax increases according to how the presiden
also an estate tax. there was some back and forth late in the day whether there was going to change but the framework had the estate tax at $10 million exception per couple with additional inheritance at 40%. tax credits for stimulus. business tax credits and a doc fix stopping 27% reduction in payments to medicare providers using spending cuts as offsets. in addition to that, ed, you are saying the sequester which is the across-the-board cuts would be essentially put off for a couple of...
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Dec 27, 2012
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there's a whole host of other things, $2,200, income tax, estate tax, dividend tax, all of those set to go up on americans and what is expected to be a disaster for every household. if for some reason we go over the cliff and don't do something at the beginning of january and go back retroactively and adjust the rates, krystal. >> yeah. >> peter, you said something a minute ago and significant and if there's going to be a deal, that ends up leaving some taxpayers, wealthy taxpayers, paying higher than now, it's next year for republicans to sign off on it saying it's a tax cut in some form and gives democrats to wait until next week to strike a deal and wonder besides getting what they want or most of what they want on taxes if they wait until next week, is there anything else they can get in a deal in terms of we are talking about unemployment insurance, in terms of, you know, investment income and the tax rates and stimulus and looking for more stimulus and just be a tax cut deal next week or more components to it? >> reporter: it's a good question. they're having enough struggles w
there's a whole host of other things, $2,200, income tax, estate tax, dividend tax, all of those set to go up on americans and what is expected to be a disaster for every household. if for some reason we go over the cliff and don't do something at the beginning of january and go back retroactively and adjust the rates, krystal. >> yeah. >> peter, you said something a minute ago and significant and if there's going to be a deal, that ends up leaving some taxpayers, wealthy taxpayers,...
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these are people who pay no income tax. 47% of americans pay no income tax. so low taxes doesn't connect. he'll be out there talking about tax cuts for rich. that's what they sell every four years. and so my job is not to worry about those few. i'll never convince them. what i have to do is convince the 5 to 10% in the center that are inters, that are voting one way or the other fending in some cases on emotion, whether they like the guy or not. >> does mitt romney really think that people in this country want to be on medicare, that they want to be poor, that they want to be disabled? that they want to have assistance? is that really the path that he thinks that americans want to take? and most americans i believe tonight, especially liberals are going to be absolutely offended by the comment. my job is not to worry about those people. i'll never convince them that they should take personal responsibility and care for their lives. personal responsibility. personal responsibility. those of you who are in nursing homes, those of you who are in wheelchairs, tho
these are people who pay no income tax. 47% of americans pay no income tax. so low taxes doesn't connect. he'll be out there talking about tax cuts for rich. that's what they sell every four years. and so my job is not to worry about those few. i'll never convince them. what i have to do is convince the 5 to 10% in the center that are inters, that are voting one way or the other fending in some cases on emotion, whether they like the guy or not. >> does mitt romney really think that...
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Dec 24, 2012
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going to be looking at two big issues, i think the tax reform. there's general disagreement. >> how it goes? >> where they agree on things like corporate rate and that tax reform. and also immigration reform. >> and stephanie, let me put it a slightly different way. how long does president obama's second term last? second terms don't last four years sometimes. domestically. >> they last four years but there is a shelf life to what you can get done because people are going to start looking at the midterms pretty quickly. 2013 is a very important year to get things done, tax reform, immigration reform, we have to finish implementing the health care law a year from right now, people are going to be signing up for exchanges in states all over the country. >> what do you -- >> we don't know if barack obama is a liberal, moderate, debating that four years, six years. next year, we will know what -- >> a pragmatic. >> an ideologue at times? we will know. >> i'm going to put you on the spot. >> i'm ready. >> mcauliffe. the big race of 2013, which by the
going to be looking at two big issues, i think the tax reform. there's general disagreement. >> how it goes? >> where they agree on things like corporate rate and that tax reform. and also immigration reform. >> and stephanie, let me put it a slightly different way. how long does president obama's second term last? second terms don't last four years sometimes. domestically. >> they last four years but there is a shelf life to what you can get done because people are...
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Dec 29, 2012
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and the pledge is slowly, grover norquist, anti-tax pledge, which is no way to run a business or the government. revenues are important if you understand a balance sheet. and that thing has haunted us for a long time and is slowly losing. >> krystal ball, the biggest loser. >> mine has helped in part make joy's rupert murdoch which is karl rove. people thought if they didn't like him, he was very smart. he exposed himself to not be very smart on election night over at that other network. >> we only have two people left who may please me by choosing donald trump. alex wagner, the biggest loser of 2012? >> donald trump -- >> correct, correct, you get the ipad. >> i hate to disappoint you, it is shelden addelson -- the house is always supposed to win, and the house lost big time. >> great. that was great. >> steve, biggest loser. >> i want an ipad, but the big loser, the name for generations, the gold standard in public opinion polling -- gallugallup. gallup, all of october, on election day said romney has an advantage, going to win this, and people are going to look more skepticalally
and the pledge is slowly, grover norquist, anti-tax pledge, which is no way to run a business or the government. revenues are important if you understand a balance sheet. and that thing has haunted us for a long time and is slowly losing. >> krystal ball, the biggest loser. >> mine has helped in part make joy's rupert murdoch which is karl rove. people thought if they didn't like him, he was very smart. he exposed himself to not be very smart on election night over at that other...
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Dec 29, 2012
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and the pledge is slowly, grover norquist, anti-tax pledge, which is no way to run a business or the government. revenues are important if you understand a balance sheet. and that thing has haunted us for a long time and is slowly losing. >> krystal ball, the biggest loser. >> mine in part, karl rove, people thought if they didn't like him, he was very smart. he exposed himself to not be very smart on election night over at that other network. >> we only have two people left who may please me by choosing donald trump. alex wagner, the biggest loser of 2012? >> donald trump -- >> correct, correct, you get the ipad. >> i hate to disappoint you, it is shelden addelson -- the house lost. >> steve. >> i want an ipad, but the big loser, the name for generations, the gold standard in public opinion polling. gallup, all of october, on election day said romney has an advantage, going to win this, and people are going to look more skepticalally at the gallup polls. >> let's see if silver comes up in the category, biggest winner, again, i'm going to go first, because once again, i couldn't be m
and the pledge is slowly, grover norquist, anti-tax pledge, which is no way to run a business or the government. revenues are important if you understand a balance sheet. and that thing has haunted us for a long time and is slowly losing. >> krystal ball, the biggest loser. >> mine in part, karl rove, people thought if they didn't like him, he was very smart. he exposed himself to not be very smart on election night over at that other network. >> we only have two people left...
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Jan 1, 2013
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float the idea of a tax increase in his state. well, it's about the need to beef up the military personnel in case civil war breaks out in case president obama got elected. here's jung herks edd on that one. >> i'm thinking worst-case scenario. civil unrest, civil disobedience, civil war, maybe. we're not talking just a few riots here and demonstrations. we're talking lexington, concord, take-up-arms and get rid of the guy. the sheriff, i said are you going to back me? he said yeah, i'll back you. >> that was his idea of the worst-case-scenario. here's iowa u.s. congressman steve king with how president obama's mother managed to convince us all that her son was born in hawaii, not in kenya. >> i looked into that before he was sworn into the presidency. we look sbood the library of congress and we found the microfiche of two newspapers, only two newspapers in hawaii. each of them had published the birth of barack obama. that doesn't mean that there aren't some other explanations on how they might have announced that telegram from k
float the idea of a tax increase in his state. well, it's about the need to beef up the military personnel in case civil war breaks out in case president obama got elected. here's jung herks edd on that one. >> i'm thinking worst-case scenario. civil unrest, civil disobedience, civil war, maybe. we're not talking just a few riots here and demonstrations. we're talking lexington, concord, take-up-arms and get rid of the guy. the sheriff, i said are you going to back me? he said yeah, i'll...
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tax cuts. but this is what we could get. i was out there fighting for you. that's how you win reelection. >> now, ryan, if, in fact, we go over the cliff, they go back home, they make these political statements to their constituents, they come back and pass something in the interim, some people are damaged, the most vulnerable damaged, will there be, do you feel, a political price to pay? or do they think by the time 14 comes around, it will be all forgotten? >> i mean, that's a good question. it's so hard to know, you know, what the landscape is going to be like in 14. f but there's no question that republicans are going to take a hi and they know that they're going to take a hit if this goes over the cliff. in fact, they've already taken a hit just for dragging it up. polls show that overwhelmingly, people will blame republicans for the negative consequences of this. actually, the unemployed are already getting hit. it inspires today. they don't get until january 1st. so for them, the cliff c
tax cuts. but this is what we could get. i was out there fighting for you. that's how you win reelection. >> now, ryan, if, in fact, we go over the cliff, they go back home, they make these political statements to their constituents, they come back and pass something in the interim, some people are damaged, the most vulnerable damaged, will there be, do you feel, a political price to pay? or do they think by the time 14 comes around, it will be all forgotten? >> i mean, that's a...
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over that level, any monies made over that mop any will be taxed at now a 39.6% rate instead of a 35% rate. essentially going back to the clinton era rates, before the bush administration initiated their tax cuts. many democrats were angry about that. we had one tom harken take the floor and voice his opposition. but it is flying through the senate now. it looks like it's going to pass with overwhelming support. it's going to put john boehner, the republican speaker of the house, in a very tough jam. folks want this to happen. this deal has been struck. and maura, one other thing, these mandatory cuts, you may have heard of them called the sequester that were to go into effect today that were the result of the last budget deal that they made. they were to be delayed for two months that will coincide with the debt ceiling that needed to be raised. the united states exceeding its federal debt. that requires an act of congress to raise it. so all of these things are going to come together in two months time and people are already now predicting a fight, if you can believe this, even bigg
over that level, any monies made over that mop any will be taxed at now a 39.6% rate instead of a 35% rate. essentially going back to the clinton era rates, before the bush administration initiated their tax cuts. many democrats were angry about that. we had one tom harken take the floor and voice his opposition. but it is flying through the senate now. it looks like it's going to pass with overwhelming support. it's going to put john boehner, the republican speaker of the house, in a very...
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Dec 31, 2012
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i think the tax reform, there's general disagreement here. but where they agree on things like corporate rate and immigration reform. >> let me put it a slightly different way. how long does president obama's second term last? >> well, they last four years. but there is a shelf life to what you can get done. people are going to start looking at the midterms pretty quickly. 2013 is a very important year. tax reform, immigration reform, we have to finish implementing the heltcare law. people are going to be signing up for exchanges all over the country. >> we don't know if barack obama is a liberal and limited to a four-year or a six year. he's now freel to do it. we don't really know by next year. >> i'm going to put you on the spot. so 2013, really the big rates. >> that's what i'm talking about. dominating the washington markets. >> it's such a fascinating race because it's kind of -- cuccinelli is kind of the national tea party hero in wading in some ways. it could be michelle bachman. cuccinelli, if he wins, it could be 2016. >> it could b
i think the tax reform, there's general disagreement here. but where they agree on things like corporate rate and immigration reform. >> let me put it a slightly different way. how long does president obama's second term last? >> well, they last four years. but there is a shelf life to what you can get done. people are going to start looking at the midterms pretty quickly. 2013 is a very important year. tax reform, immigration reform, we have to finish implementing the heltcare law....
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i don't care about your tax policy, you are not a moderate. >> we were not talking abortion. we had birth control on the table. >> i say this to my friends. i felt they were trying to kill me with women's policies. i'm one of those freaky people that takes birth control medicinely. i take nothing else prescription. that is all i take. so, they don't want me to take my birth control. if i get knocked up, it will kill me like shelby from "steel magnolias" but they won't let me have an abortion. apparently, birth control is 99.8% successful. i did get knocked up. i had a miscarriage but i still had to have an abortion. they would want you to wait until you went septic like the woman did in ireland. their goal was to kill me. i talked to my sisters and we decided to sink them first. >> seriously, to sink them first. when we look at the numbers, what happened? when there are ways to read the outcomes, basically women voters in this election, i think didn't feel the sense of trying to be killed, but when you saw women overall chose president obama over mitt romney, 55 to 44. there
i don't care about your tax policy, you are not a moderate. >> we were not talking abortion. we had birth control on the table. >> i say this to my friends. i felt they were trying to kill me with women's policies. i'm one of those freaky people that takes birth control medicinely. i take nothing else prescription. that is all i take. so, they don't want me to take my birth control. if i get knocked up, it will kill me like shelby from "steel magnolias" but they won't let...
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>> tax cuts for millionaires and billionaires. >> . the biggest government waste is -- as we just heard is the war in afghanistan. the cause was to transform afghan society into a replication of the west. a known cause but unattainable. afghanistan is a failure. count let more shattered lives and an immense waste of money and national prestige. okay best government dollar spent, pat? >> the national weather service which like it or not gave us about a week's head start and head start warning that sandy was coming and probably saved thousands of lives when you consider the hurricane in galveston in 1906 killed 6,000 people. >> eleanor? >> obama care. >> susan? >> nasa. mars rover incredible technology. water purification. solar energy and on and on. >> interested in that huh? the moon. clarence? >> the so-called detroit autobail aught. it saved jobs whatever to call it. >> the best government dollar spent the ongoing investment in the iron dome antimissile system by the u.s. and israel. it's setting a standard for reliability that was d
>> tax cuts for millionaires and billionaires. >> . the biggest government waste is -- as we just heard is the war in afghanistan. the cause was to transform afghan society into a replication of the west. a known cause but unattainable. afghanistan is a failure. count let more shattered lives and an immense waste of money and national prestige. okay best government dollar spent, pat? >> the national weather service which like it or not gave us about a week's head start and...
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tax reform, immigration reform. we have to finish implementing the health care law. a year from now people will be signing up for exchanges in states all over the country. >> perry? >> we don't know if barack obama is a liberal a moderate. we've been debating that for two, four years. >> you think we'll know? >> i think we'll know. >> is he a pragmatist? >> is he a pragmatist? an ideologuisdeologuist. >> i'm going put you on the spot, mcauliffe, the big race in 2013. which will dominate the washington media market. terry mcauliffe? >> it's such a fascinating race, because it's kind of -- cucinelli is the national tea party hero in waiting, with alan west and michele bachmann. >> if he wins? >> if he wins, could see him in 2016. just saying. >> year of 2012, besides president obama's re-election, known as the year america got comfortable with gay marriage. that's it for this special edition of "the daily rundown." you can watch us at 9:00 a.m. on msnbc. happy holidays, happy new year. be safe from all of us at "the daily rundown."
tax reform, immigration reform. we have to finish implementing the health care law. a year from now people will be signing up for exchanges in states all over the country. >> perry? >> we don't know if barack obama is a liberal a moderate. we've been debating that for two, four years. >> you think we'll know? >> i think we'll know. >> is he a pragmatist? >> is he a pragmatist? an ideologuisdeologuist. >> i'm going put you on the spot, mcauliffe, the big...
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>> it might be but if you did what they wanted to do and kept all of the tax increase -- tax cuts, you'd add $4.6 trillion to the deficit. so this can't really be about the deficit even if that's what they're telling themselves. you know, there are 30 to 60 really, really conservative republicans in that caucus, and if you're going to give them a kind of veto power, you're never going to get anything through the house in the next two years that can pass the senate. this is a real crisis of governance and it looked like boehner was facing up to that. congressman yarmuth had praised him ten hours ago because you could pass something, i think, with a modest number of republican votes. so i think this meeting they're having now, it could be about tactics, about how to teal with the mes we're about to go into, but there may be some republicans standing up and saying do we really want to throw us over the cliff in this way? i think this is one of the most important meetings the republican party has had since their convention and maybe more so. >> e.j., we have one more minute. i want to get yo
>> it might be but if you did what they wanted to do and kept all of the tax increase -- tax cuts, you'd add $4.6 trillion to the deficit. so this can't really be about the deficit even if that's what they're telling themselves. you know, there are 30 to 60 really, really conservative republicans in that caucus, and if you're going to give them a kind of veto power, you're never going to get anything through the house in the next two years that can pass the senate. this is a real crisis...
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cliff negotiations go now especially after the after the nation learned last week that any sort of tax increase at all even on millionaires can't get enough republican support in the house of representatives to pass. the tea party might have helped progressives dodge a bullet when it comes to president obama's social security cuts but it's getting clearer and clearer that they are not interested in governing and could care less about what sort of economic damage the nation may suffer from if we do go over the fiscal cliff or if a few weeks from now they hold the debt limit hostage again given that we've seen president obama and congressional democrats sacrifice their most cherished principles in these fiscal cliff talks is there anything the republicans in the house would be willing to sign off on that doesn't screw the middle class over well let's ask neil mckay he's the senior reporter at human events online in the editor of the guns and patriots column there welcome back to the show first of all i am not for screwing the middle class and both for that wonderful intro well said we'll
cliff negotiations go now especially after the after the nation learned last week that any sort of tax increase at all even on millionaires can't get enough republican support in the house of representatives to pass. the tea party might have helped progressives dodge a bullet when it comes to president obama's social security cuts but it's getting clearer and clearer that they are not interested in governing and could care less about what sort of economic damage the nation may suffer from if we...
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appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on a balanced approach. >> now if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's gos to be the formula for how we solve this thing, then they've got another thing coming. that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear, we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> reporter: but other senate republicans brideel
appeared to be over. >> i can report that we've reached an agreement on all of the tax, the tax issues. we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on...
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appeared to be over. >> i can report that we've reached an agreement on all of the tax the tax issues. we are very very close. as the president just said the most important piece the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on a balanced approach. >> now if republicans think that i will finish the job of deficit reduction through spending cuts alone, if they think that's gos to be the formula for how we solve this thing, then they've got another thing coming. that's not how it going to work. >> reporter: for his part senator mcconnell said that issue should not tan in the way of a tax deal. >> let's be clear we'll continue to work on finding smarter ways to cut spending. but let's not let that hold up protecting americans from the tax hike that will take place in about ten hours. >> reporter: but other senate republicans brideeled a
appeared to be over. >> i can report that we've reached an agreement on all of the tax the tax issues. we are very very close. as the president just said the most important piece the piece that has to be done now is preventing the tax hikes. >> reporter: there was no a greenlt what to do about across-the-board spending cuts known as sequestration due to start tomorrow. democrats wanted to delay the cuts by a year. and the president served notice that even then he would insist on a...
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was the smartest obama decision to campaign relentlessly on raising taxes on the rich? or was it the early takedown of mitt romney in all those ads last spring that painted him as a rich guy? or the high-tech multimillion dollar back room operation to identify every obama vote and then turn it out on election day? for finally, was the smartest obama decision just bring it in, bubba? >> no president, not me, not any of my predecessors, no one could have fully repaired all the damage that he found in just four years. chris: was that stacking the deck, mike? >> all good. the one they think wargs the brilliant one was betting that if they spent $150 million in nine or 10 states over the summer, it would pay dividends when the thing got tough. and they bet it when they didn't know they would have money later. chris: to bring down romney. >> as a rich plutocrat. they knew that would help them later if it got tight and it did get tight. obama told people in the summer what are you doing? what are you thinking? i want to keep it close now and win it in the debates. that's prett
was the smartest obama decision to campaign relentlessly on raising taxes on the rich? or was it the early takedown of mitt romney in all those ads last spring that painted him as a rich guy? or the high-tech multimillion dollar back room operation to identify every obama vote and then turn it out on election day? for finally, was the smartest obama decision just bring it in, bubba? >> no president, not me, not any of my predecessors, no one could have fully repaired all the damage that...
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. >> the court says no getting around it, it does involve taxing the middle class. worst loss for antidrug forces, legalized marijuana is gaining ground. >> i hate marijuana, i loathe it, i think it's a really bad thing, but it's not up to me to tell people whether or not they can use it. >> and ultimately, the best thing for the democrats, mitt romney's persistent perplexing and positively crushing inability to connect with voters. >> he went the into a hardware store, he came out, reporters asked what he got. he actually said -- >> hard ware stuff. >> i won't forget he reached down and shaked hands with a 6-year-old. the kid is 6, mitt. >> he didn't run a great campaign. he's not a charismatic person. i think a charismatic republican would have won. i don't think we had a great platform. i don't think we invited in hispanics the way we should have. it will change next time. maybe we'll get a better candidate. meantime, life goes on, and little by little, our problems will get solved. >> and come election night, at least one of barack obama's problems was solved. b
. >> the court says no getting around it, it does involve taxing the middle class. worst loss for antidrug forces, legalized marijuana is gaining ground. >> i hate marijuana, i loathe it, i think it's a really bad thing, but it's not up to me to tell people whether or not they can use it. >> and ultimately, the best thing for the democrats, mitt romney's persistent perplexing and positively crushing inability to connect with voters. >> he went the into a hardware store,...
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Dec 30, 2012
12/12
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none of his proposals the raise taxes on the ridge. it is 8 cents on the dollar. it is a trivial amount money, and he has never put any political capital in entitlemement reform. you talk aut it here or there. never invested in the capital in it. >> i think we have a difference of opinion here. >> if it is such a trivial amount, then why the squealing the yelli, the hurt feelings? all of these plutocrats, my goodness gracious. i will say this -- right now, he is absolutely right. all the political advantage is with the president but if this ththing comes to a complete hal and falls,s, then there will be political blame across the board, and it will undermine all public confidence in the public sector. >> all political advantages with the preresident? what is he running for? he won this is his timime to take some political hits and tell the truth for a cnge instead of trying to get political advantage. >> all right, a lookt war >> this time of war began in afghantan, and this is ere it will end. >> afghaniststan is now the nation's longest war. more than 2000 ameri
none of his proposals the raise taxes on the ridge. it is 8 cents on the dollar. it is a trivial amount money, and he has never put any political capital in entitlemement reform. you talk aut it here or there. never invested in the capital in it. >> i think we have a difference of opinion here. >> if it is such a trivial amount, then why the squealing the yelli, the hurt feelings? all of these plutocrats, my goodness gracious. i will say this -- right now, he is absolutely right....
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Dec 31, 2012
12/12
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, and income, tax flow, which is taxed. i think there's a distinction between the two. when i say the rich, i guess i'm primarily referring to wealthy people who have accumulated wealth and they are sitting on it. they don't care if other people pay higher tax rates on their income. that's the group of people that we're talking about, isn't it? >> absolutely. they are showing the ultra wealthy can show very little income, warren buffett is not worried about, you know, someone that has a net worth of let's say less than 5 million dollars pays more taxes, i mean he's got so much money he will never see most of the money he's got. it is a completely different game. stuart: it is a different game. but now address those people, the strivers of this world who have income on the books, very high income, whether they're sports people or entertainers or whatever it is they do, entrepreneurs, for example, how do they feel about the higher tax rates which are really going to hurt them and many of them actually voted for it? how do the
, and income, tax flow, which is taxed. i think there's a distinction between the two. when i say the rich, i guess i'm primarily referring to wealthy people who have accumulated wealth and they are sitting on it. they don't care if other people pay higher tax rates on their income. that's the group of people that we're talking about, isn't it? >> absolutely. they are showing the ultra wealthy can show very little income, warren buffett is not worried about, you know, someone that has a...
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Jan 1, 2013
01/13
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no matter how much you tax the workers. yet, the obama administration and the democratic party continue to put forth that higher taxation will bring the massive government debt under control. perhaps the only democrat telling the truth about this is our old pal, howard dean, the uber liberal former governor of vermont. >> the truth is everybody needs to pay more taxes, not just the rich. that's a good start, but we're not going to get out of this deficit problem unless we raise taxes across the board. >> bill: now, governor dean sympathizes with the socialist philosophy and that's where the country is heading. taking from those who are productive and giving to those who are struggling. or who are working for the massive government apparatus. during this christmas season, i think we all should emulate officer deprimo, we should try to help those in need, but that help may be futile, if the government doesn't wise up and stop the incredible entitlement spending, america's economy will eventually collapse. president obama need
no matter how much you tax the workers. yet, the obama administration and the democratic party continue to put forth that higher taxation will bring the massive government debt under control. perhaps the only democrat telling the truth about this is our old pal, howard dean, the uber liberal former governor of vermont. >> the truth is everybody needs to pay more taxes, not just the rich. that's a good start, but we're not going to get out of this deficit problem unless we raise taxes...
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Jan 1, 2013
01/13
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he's never voted to raise taxes. he is opposed to abortion. and republican primary voters there in missouri said hey, this sounds like our kind of guy. so democrats kind of meddled in that primary. they got the candidate that they wanted and he self destructed just as they wanted, making what should have been a tough reelection fight for claire mccaskell kind of a cake walk. >> as the royal mounted miss always say, we always get our money, and claire mccaskill got her man. >>> the president bounced back with two strong showings. here's a memorable line from the third debate that ranked as the number five quote of the year. take a look. >> you mentioned the navy, for example. we had fewer ships than we did in 1916. well, governor, we also have fewer horses and bayonets. because the nature of our military has changed. we have these things called aircraft carriers where planes land on them. we have the ships that go under water, nuclear submarines. >> talk about patronizing. meanwhile, perhaps the most memorable moment from the debates occurred i
he's never voted to raise taxes. he is opposed to abortion. and republican primary voters there in missouri said hey, this sounds like our kind of guy. so democrats kind of meddled in that primary. they got the candidate that they wanted and he self destructed just as they wanted, making what should have been a tough reelection fight for claire mccaskell kind of a cake walk. >> as the royal mounted miss always say, we always get our money, and claire mccaskill got her man. >>>...
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Dec 24, 2012
12/12
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no tax increase for people below but taxes for people above. he won. 60% of voters said they were for it in exit polls including republicans. >> wake of house speaker john boehner's plan "b" failure, all eyes turn to senate leaders harry reid and mitch mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the benefits a week after christmas. >> it is going to be a patch. because in four days we can't solve everything. >> yet, other republicans note the president short-term fix raises some taxes, yet punt spending cuts until next year. >> i would vote for revenue, including the tax rate hike though i don't like them to get, to save the country from becoming greece. i'm not going to set aside the $1.2 trillion in cuts. >> if the president does return to washington this week, unclear whether he will come back here to hawaii for new year's with his family. joe lieberman says he expects
no tax increase for people below but taxes for people above. he won. 60% of voters said they were for it in exit polls including republicans. >> wake of house speaker john boehner's plan "b" failure, all eyes turn to senate leaders harry reid and mitch mcconnell and whether they work out something short of $4 trillion grand bargain. last-minute stop gap. attending tax cut for people making $250,000 or less. and unemployment benefits for 2 million people who will lose the...
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Dec 30, 2012
12/12
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tax them. there's a real mood afoot with regard to the very rich right now. >> the powerful took hits, too. hardest fall from a high place, david petraeus. whose biographer turned out to be writing not so much between the lines as between the sheets. >> whoa. it was so salacious. you would expect to find it on a the front page of the tabloid. >> both sides of the aisle were big fans of petraeus. but power corrupts and ultimate power gets you laid. >> she's a very capable, durable human being. she'll emerge with a huge book deal and maybe her own talk show, but mrs. petraeus, i just feel terrible for. >> other bad breaks, "newsweek" magazine folds. at least the print edition, going away after almost 80 years. it's all digital now. hostess beaten down by financial troubles hands pink slips to 18,000 workers and walking papers to its signature products including twinkies. the nobel committee decides this year's peace prize should go to the entire european union. that's more than 500 million people
tax them. there's a real mood afoot with regard to the very rich right now. >> the powerful took hits, too. hardest fall from a high place, david petraeus. whose biographer turned out to be writing not so much between the lines as between the sheets. >> whoa. it was so salacious. you would expect to find it on a the front page of the tabloid. >> both sides of the aisle were big fans of petraeus. but power corrupts and ultimate power gets you laid. >> she's a very...
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credit the child tax credit and the college tax credit would be extended for another five years the estate tax would be raised to forty percent for properties worth more than five million dollars the deal would extend unemployment benefits for another year and finally the capital gains tax would increase from fifteen percent to twenty percent. so what does this really mean i'm joined now by sam sax progressive writer and commentator and also a former capitol hill staffer so sam i know you've been sort of following this throughout the day as i have what do you think are the winners and losers well right now it appears that the winners the same people who've been winning for the last several decades and that's the extremely wealthy people in america i mean right now the whole debate and center around just how many wealthy people are going to get the bush tax cuts and we've seen that the president for about four years has said he's not going to cave on two hundred fifty thousand dollars threshold we saw him cave about two years ago on that and he appears to be ready to cave on that it
credit the child tax credit and the college tax credit would be extended for another five years the estate tax would be raised to forty percent for properties worth more than five million dollars the deal would extend unemployment benefits for another year and finally the capital gains tax would increase from fifteen percent to twenty percent. so what does this really mean i'm joined now by sam sax progressive writer and commentator and also a former capitol hill staffer so sam i know you've...
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Dec 24, 2012
12/12
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WRC
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tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for information that helps them solve this case. >>> a fixture on the potomac river since the 1940s could be closing. jack's boathouse has been renting canoes for decades. the national park service owns that land and recently notified the tenant by letter that he had to vacate by the end of january. >> found just a form letter saying we were terminated and had to be out in 30 days. >> he says he started notifying boat owners and 27 employees who would be let go in the boathouse closes. fans of jack's boathouse started a facebook page to try to save the landmark. >>> the mars rover is about to do something never done before on the red planet. it will begin searching for rocks to drill. righ
tax rate hikes are partisan solution driven by the president but he'll get tax rate hikes. >> some lawmakers say that no deal will get done by the end of the year. >>> the second victim of a shooting in northeast washington has died. beasley was found shot in the early hours of saturday morning. harris was found lying in the road nearby and pronounced dead at the scene. police are offering a $25,000 reward for information that helps them solve this case. >>> a fixture on...
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Dec 26, 2012
12/12
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MSNBCW
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extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a bungee jump than a cliff dive. because on the other side there's some dynamics that change such that republicans can vote for a big tax decrease off of what will then be current law. >> jared, you've got a post -- i just want to go back for a moment. while this ping-pong game is going on in washington, you've got a post on your blog showing the real drag this is having on consumer confidence. so, i mean, what can the president do to protect the economy and try to restore some degree of confidence while these negotiations are going on? >> i thi
extend the tax cuts only for the 250 and below. you kick the sequester down the road, you patch the amt and medicare fix. all that. if the speaker is willing to put that to a vote, i suspect it would pass in the house and we actually could have a compromise before the end of the year. but it would pass with mostly democratic votes. and the likelihood he's going to want to do that seems to me very slim. that's why i think we're probably going over the cliff. now, my hope is that it's more of a...
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Dec 28, 2012
12/12
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FBC
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any time the rpublican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say, if you are wealthy and all you're not getting any tax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i would love for both of you to respond. i heard a lot of bonn, abou the tea party. the tea party did not exist in this election. it was a non fctor. why in the world would there be so much concerin the republican party about the tea party. why was there an idea that you're better off today than you were four years ago and pick 2008 as the year, he baseline, and it was a lousy year. in point of fact, just about everybody is. what o you make? very quickly. >> your immediate questn, yes, we were better off than the depths of being in a whole. president clinton
any time the rpublican candidate is viewed as the tax sector. in many had to defend his position in the debate he was a way out of his way to say, if you are wealthy and all you're not getting any tax cuts, and it was a defensive argument on a fundamental issue rather than pointing president obama had twice argue in public that raising taxes in an economic downturn would doom the economy. the president of the united states said that and iran on a proposal. lou: two things that seem peculiar. i...
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Dec 28, 2012
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. >> ronald reagan pushed through a tax overhaul in his second term. he also became embroiled in the iran contra affair. >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true, but the facts and the evidence tell me it is not. >> there is a bright side, if lincoln hadn't had a second term, he wouldn't have won the civil war. reagan's place in history was cemented by the end of the cold war, and fdr would have been remembered as the president who didn't end the great depression. still, second terms, they don't last four years. they're shorter than that. how long will obama have? is he aware that his second term domestically only lasts about a year to 18 months? finally, political junkies know we don't have to wait until 2016 or even 2014 for our next fix. just next year, we have blockbuster races for governor in two big states, virginia and new jersey. virginia, the clinton versus the tea party, as former democratic national leader takes on republican chair, ken puccin
. >> ronald reagan pushed through a tax overhaul in his second term. he also became embroiled in the iran contra affair. >> a few months ago, i told the american people i did not trade arms for hostages. my heart and my best intentions still tell me that's true, but the facts and the evidence tell me it is not. >> there is a bright side, if lincoln hadn't had a second term, he wouldn't have won the civil war. reagan's place in history was cemented by the end of the cold war,...
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Jan 1, 2013
01/13
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and the alternative minimum tax and capital gains and those are the outlines of the tax portions of the deal still not buttons up yet. >> we will see you later in the program. we appreciate everything you have done today and we have more information from amon. what are you hearing? >> we are expecting that vice president biden might be coming up here to talk to democrats. a lot of these members do not like being here on new year's eve. they are working through a lot of the scoring details of a new package here. but he expects that there might be a vote in the next couple of hours in the senate. take a listen. >> it is not something that any of us would say oh, i love it. i don't live love it but i thin good job of negotiating where there are some wins and losses and it is about even. >> house republicans are keeping their powder dry. >> he wants to wait and see it on paper before he commit to voting for it. so right now at least we don't know whether a deal that is likely to pass in the senate could pass the house of representatives. are you surprised and isn't it interesting that vice
and the alternative minimum tax and capital gains and those are the outlines of the tax portions of the deal still not buttons up yet. >> we will see you later in the program. we appreciate everything you have done today and we have more information from amon. what are you hearing? >> we are expecting that vice president biden might be coming up here to talk to democrats. a lot of these members do not like being here on new year's eve. they are working through a lot of the scoring...
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Jan 1, 2013
01/13
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and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today? doomsday, yikes. they put those off. but only for two months. that's the plan that the senate stayed up real, real late to accomplish. but it's time for the house to have its say. you didn't think it was over, did you? correspondent dana bash is on capitol hill. she works late shs she works early. she hasn't stopped. this has been a frustrating several weeks for people. it seemed there was some good will. especially with the vote. that's the senate. how different might things be when it comes to the house or do we even have an idea? >> reporter: e we don't have an idea yet. just the fact that t
and the estate tax, that was a big sticking point for lawmakers, and now the tax rate goes up to 40% for estates that are valued over $5 million. so if you're under $5 million, you skated there too. other key points are an extension of the long-term unemployment benefits. the renewal of tuition and child care tax credits and then something called the doc fix. it reimburses doctors who take medicare patients. and what about the automatic spending cuts that were supposed to go into effect today?...
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Dec 24, 2012
12/12
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is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quily spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our integrated technical analysis is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> when you start talking about an issue of treatment of mental illness, the mentally ill should they have access to guns? well, there is a rational response that most americans have somebody who is not thinking clearly should not have a gun in their hands. but how do you define and that codify that into law? that's a much trickier issue. david: that was scott rasmussen with the latest poll on gun control and don't forget to tune into varney 9
is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how do traders using technical analysis streamline their process? at fidelity, we do it by merging two tools into one. combining your customized charts with leading-edge analysis tools from recognia so you can quily spot key trends and possible entry and exit points. we like this idea so much that we've applied for a patent. i'm colin beck of fidelity investments. our...
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Dec 31, 2012
12/12
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the estate tax. the amt, the doc fix. it's more than just rates that we're talking about here, and it's more than just the sequester. there's all these patches. any clarity on those? >> reporter: you're absolutely right. there's so much. on the payroll tax, i have not heard anybody talk about continuing that. it doesn't mean it might not pop up at the last-minute, but what it means is that everything will see a little bit of a bite taken out of the paycheck no matter what because the payroll tax holiday gifforoes away. on the amt, many of us working the story at cnn were told they're talking about patching it that permanently. then i got anner mail from a democratic source saying it's not true. the estate tax lower than it was on the table seems to still be on the table. all of these things are still worked out. you're absolutely right. there's so mauch here and affecs people where it matters most, in their wallets and paychecks. >> parents, teachers, college students, every working american, doctors
the estate tax. the amt, the doc fix. it's more than just rates that we're talking about here, and it's more than just the sequester. there's all these patches. any clarity on those? >> reporter: you're absolutely right. there's so much. on the payroll tax, i have not heard anybody talk about continuing that. it doesn't mean it might not pop up at the last-minute, but what it means is that everything will see a little bit of a bite taken out of the paycheck no matter what because the...
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Jan 1, 2013
01/13
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just romney, the taxes. the biggest story of the year was journalists didn't cover the story. >> greg: throw benghazi in that was well. >> andrea: nonstory. programming note. catch kimberly and greg tonight on fox news channel all american new year's eve broadcast at 11:00 p.m. >> greg: we'll be in a hot tub. >> kimberly: no, we won't. >> eric: waiting for ball to drop. what did you say? you lost your pants in a hot tub somewhere? don't go away. much more to come. special including a look at some of the wild moments of the past year on "the five." don't miss it. ♪ ♪ [ male announcer ] there are only so many foods that make kids happy. and even fewer that make moms happy too. with wholesome noodles and bite sized chicken, nothing brings you together like chicken noodle soup from campbell's. it's amazing what soup can do. hey hun, remember you only need a few sheets. hmph! [ female announcer ] charmin ultra soft is made with extra cushions that are soft and more absorbent. plus you can use four times less.
just romney, the taxes. the biggest story of the year was journalists didn't cover the story. >> greg: throw benghazi in that was well. >> andrea: nonstory. programming note. catch kimberly and greg tonight on fox news channel all american new year's eve broadcast at 11:00 p.m. >> greg: we'll be in a hot tub. >> kimberly: no, we won't. >> eric: waiting for ball to drop. what did you say? you lost your pants in a hot tub somewhere? don't go away. much more to come....